Big danger of #demonetization

 While there are many many benefits of ban on 500-1,000 notes. It will curb terrorism, black money, fake currency, drug racket etc etc. But at the same time, big danger must be given thought. It is about banking system. Since noteban was implemented in very short notice, now people will not keep much cash in hand for some years. It is for sure. This will make banks stronge again. Although it is said it is good for economy but danger lies here it self. Why did these banks got weak? Because of NPA! And who got thousands of crores money as loan and didnt pay back? Industrialists. Second thing. Interests on saving in bank or post office are very low. So if people are going to get small intetest and they are going to loose their hard earned money, then this is big danger not only for people but also for Bharat's economy.
Second thing. All persons are not corrupt. All persons are not black money raisers. It would have to be thought that why people try to avoid paying taxes. First of all, there are too many taxes including direct and indirect taxes. While corporate and super rich persons have no problem with taxes as they get relaxation by many ways. Poor and farmers have also not problem but middle class persons- be it salaried persons or traders or businessmen- have problems. Petrol and diesel prices are too high compared to other countries because of indirect taxes levied on them. One time hike in petrol and diesel prices gives hike in inflation but after 15 days or whatever period, when petrol or diesel prices get reduced, inflation didnt get reduced. For salaried persons and service sector persons, problem is bigger. TDS and income tax is cut compulsory. Professional tax is also there. PF is also cut (and interest on PF is very small and many companies donot deposit their share of pf). Since salaried persons have no strong voice and vote bank, income tax exemptions are not raised as they should be. On the other hand, ruling class will have to set example by living in simple life style and non corrupt actions.
So if corrective measures will not be taken regarding NPA, taxes and if after this hardship, big black money holders donot get caught and punished enough, this may cause a big revolution. It can be violent. It may cause unseat this govt and it will have to forger coming back to power.